Gas price increase to be focal point of discussion in ECC meeting
According to Ogra law, the regulator is required to revise gas prices bi-annually to be notified on the first of July and January and local gas prices are linked to global oil prices
New govt to go-ahead with plan of breaking-up gas utilities
This plan was put forth before the Prime Minister Imran Khan by the Ministry of Energy (Petroleum Division) in a meeting on Tuesday
Regulators keep quiet as K-Electric sits on its annual reports for two years
ISLAMABAD:Â K-Electric (KE) has still yet to issue its annual report for the previous year, fiscal 2016-17, while its major stake is in...
Monthly oil sales sink to seven-year low, nearly 50% year on year
KARACHI: The country’s oil sales touched a seven-year low to 1.35 million tonnes in August, down by 46 percent year-on-year. Similarly, during...
Rouhani: Iran will export crude oil despite US pressure
TEHRAN: Iranian President Hassan Rouhani says his country will continue exporting crude oil despite US efforts to stop it through sanctions.
Speaking to...
PM directs petroleum ministry to address gas theft
LAHORE:Â Prime Minister Imran Khan today directed the Petroleum Division to chalk out a comprehensive plan for checking gas theft in the country...
NEPRA takes up periodic PPP adjustment of six DISCOs Friday
ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) is set to take up on Friday the periodic adjustments on account of power purchase...
Petroleum division to approach NAB to investigate Pak-Qatar LNG deal
2nd LNG supply deal between Qatar and Pakistan highlights surprising terms and conditions for the buyer: sources
India allows state refiners to use Iran tankers, insurance for oil imports
NEW DELHI: India is allowing state refiners to import Iranian oil with Tehran arranging tankers and insurance after firms including the country’s...
Secret oil shipments could help Iran cushion US sanctions blow
Discounts, bartering, and smuggling are among the tactics Iran may lean on to keep almost 800,000 barrels a day of its oil...
Pakistani power plants’ capacity cost conundrum
'Return on equity in India is 14% as opposed to 17-20% in Pakistan, local loan spread in India is specified by the...
Iraq oil exports hit 2018 peak in August
Iraq's oil exports for August hit their highest monthly figure this year, the oil ministry said Saturday, with nearly 112 million barrels...
Understanding consumer gas pricing – seminar held by PIP at SSGC house
KARACHI: Petroleum Institute of Pakistan (PIP), a representative body of the oil and gas sectors in Pakistan organized a seminar on ‘Understanding...
Suki Kinari Hydropower Project set to make KP self-sufficient in power
Two more projects have been announced by KP government at Batakundi (96 MW) and Naran (188MW) – both upstream of the Suki Kinari project
Oil refineries earned Rs500 billion under ‘deemed duty’ since 2002
Deemed duty was provided by the government as an incentive to make oil refineries upgrade their plants which would result in the production of environment-friendly and higher-grade fuel